www.iva.co.uk

i've got my BR hearing on friday,hooray!!! especially after the debacle two weeks ago.however (and luckily) i requested a copy of my IVA discharge and have noticed some errors,and now i'm worried that my BR application will be thrown out.i'll summarise them into bullet points

ip says my house has been on the market for 18 months with no interest-i say two years,with fair interest .we even had an serious offer which unfortunatly fell through.

ip says he has been negoiating with creditors for a variation-i say utter tosh,i've been asking for one for months and been refused time after time.i even requested the reasons for refusal in writing and the Ip has even failed to provide this.

ip says i could drop the price of my house ,i say that i have asked to do this on numerous occasions at the behest of my estate agent and the ip has point blank refused,reason given was that the creditors want to maximise thier return on the investment.

ip say i decided to go BR at my own volition-i say he advised us to do this with reference to the previous points, as we had no further options open to us.

i have sent a copy of this to my IP,but i would like your thoughts on the matter.also will i have any issues with the inaccuracies on friday? i'm getting a bit paranoid now that my petition will be refused and then i'll be fubar'd. [:D]

cant help...dont know enough...but wanted to say..."love the signature"..may adopt it oo when talking to people about mu finances.!!! LOL

Hey bluey875, I'm sure one of the experts will be along to help you on this. I just wanted to wish you good luck on Friday, have you been over to the BR sister site? lots of good advice and support there also. Viki X



p.s. Bluey875, you've missed the "n" out of financially in your signature....just thought you'd want to know![:)]

If you have now decided to go bankrupt, then the issues you have with the IP are largely academic as the bankruptcy will take over your estate and the Trustee will deal with the property. If you are concerned that some of the IP's comments are inaccurate, then you ought to draw these to the attention of the examiner during your meeting.

All the very best bluey I am sure all will be fine.
x
Ang

good luck bluey

And from me as well Bluey.[:)][:)]

All the best from me too x

All the best Bluey ... I am sure it will prove to be a relief to give it all to someone else to sort out.

Will have everything crossed for you on Friday ... make sure you let us know how you get on.

Debbie

Well I’m now officially BR.
After a couple of hiccups with the paperwork on Friday, which was easily sorted, they declared me and my wife BR. I don’t really like it as it feels like giving up but given the circumstances and the fact that I have been fighting it for five years it also feels about the right time to give in to it. I have been thwarted by bad luck, bad advice and bad judgement every step of the way but now its over. I owe nothing and no one owes me anything, which is the way I like it. It’s going to be hard the next 12 months but I’m sure I can manage after all the last 60 months haven’t been a walk in the park. I finished moving house yesterday (Sunday) so the mortgage people and the OR can do what they like with the place, I’m now in rented accommodation and happier for it, if anything major goes wrong I haven’t got to put my hand in my pocket and fix it, that’s the landlords responsibility.

If I can offer some advice for the would be’s
Read up all you can on ALL of the options, DM, IVA and BR . This forum has been invaluable as has the BR forum.
Ring around IP’s, check them out and ask their advice, their advice may not always concur so be careful.
If you don’t know ask.
If it sounds too good to be true, then it most probably is.
Don’t get sucked in by promises and media hype, it’s usually rubbish.
Don’t be scared, there are plenty of people in the same situation as you, so you are not alone.
Speak to your IP as soon as you have a problem.
Make sure any calculations of expenditure you do include everything you may need. DO NOT scrimp on health care for you, your family or your pets, nor on maintenance for cars, houses etc.
Don’t bank on things getting better; make the best case scenario as them remaining the same. I know it sounds gloomy but life is one big uncertainty, especially concerning jobs etc.
Whatever option you take make sure it’s the right one for you. Think it through, does it feel right? Can you afford it comfortably? Will it still be workable in years to come? Don’t be afraid to bounce ideas off friends or family, sometimes they will see things from a different perspective and notice something you missed, two heads is better than one.
Blame- don’t waste your time blaming people. It’s happened and whoever’s fault it was, it’s now up to you to sort it out. Put your energy into that, shouting doesn’t work.

All these are just personal observations, some of the things I should have done, some of the things I shouldn’t have ,but hindsight is a wonderful thing.

Look and learn. live long and prosper.take care.

Andy

Andy, I wish you all the very best for the future. Viki X

Good luck for the future Andy.

That's a great post, and I'm sure it'll be a big help to other people.

Good luck Andy and Mrs Andy with your new life

Jan

Good luck for the future Andy.[:)]

Good luck Andy and Mrs Andy for the future.